Homebuilders: Will '07 Be a Rebuilding Year?

A rise in the NAHB index -- and a better than expected profit forecast from Lennar -- offer encouraging signs for the sector

Maybe 2007 won't be such a bad year for homebuilders after all. As industry players fight back against a difficult market, investors appear to be sensing some progress. Case in point: Lennar (LEN) shares climbed Jan. 17 after the company announced that its earnings in 2007 could top those of 2006.

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